Donors who are interested in sharing bluegrass music with the next generation are making gifts of stock and other securities to the IBMA Foundation because it’s a tax-savvy way to give. Will you consider joining recent supporters and the late Dick Barnhart—whose initial donation helped to create the Foundation back in 2007? It’s possible to increase your impact by donating appreciated stock to the IBMA Foundation. Shares donated to a charity do not incur capital gains taxation, making it possible for many donors to do more than they could with a cash donation.
If you or your broker need more information about donating stock, bonds, mutual funds and other investments, please contact IBMA Foundation executive director Nancy Cardwell at 615.260.4807 or email info@bluegrassfoundation.org.
The donor or the transferring broker will be asked to provide the following information in order for us to properly acknowledge the gift: donor name and address, name and number of securities transferred, name of the broker that will be transferring the shares, and the date of transfer.
Return to the October 5, 2021 issue of The Cornerstone.
Recent Comments